Automated and early detection of diabetics with polyneuropathy in an ambulatory health monitoring setup may reduce the major risk factors for diabetic patients. Increased and localized plantar pressure associated with impaired pain and temperature is a combination of developing foot ulcers in subjects with polyneuropathy. Although many interesting research works have been reported in this area, most of them emphasize on signal acquisition process and plantar pressure distribution in the foot region. In this work, a machine learning assisted low complexity technique was developed using plantar pressure and temperature signals which will classify between diabetic polyneuropathy and healthy subjects. Principal component analysis (PCA) and maximum relevance minimum redundancy (mRMR) methods were used for feature extraction and selection respectively followed by k-NN classifier for binary classification. The proposed technique was evaluated with 100 min of publicly available annotated data from 43 subjects and provides blind test accuracy, sensitivity, precision, F1-score, and area under curve (AUC) of 99.58%, 99.50%, 99.44%, 99.47% and 99.56% respectively. A low resource hardware implementation in ARM v6 controller required an average memory usage of 81.2 kB and latency of 1.31 s to process 9 s pressure and temperature data collected from 16 sensor channels for each of the foot region.